John W. Kosiba, Jr. Sells 29,000 Shares of American Superconductor Co. (NASDAQ:AMSC) Stock

American Superconductor Co. (NASDAQ:AMSC) CFO John W. Kosiba, Jr. sold 29,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $14.82, for a total value of $429,780.00. Following the completion of the transaction, the chief financial officer now owns 348,136 shares in the company, valued at approximately $5,159,375.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

American Superconductor Price Performance

Shares of NASDAQ:AMSC traded down $0.69 during midday trading on Thursday, reaching $15.11. The company’s stock had a trading volume of 432,230 shares, compared to its average volume of 780,932. American Superconductor Co. has a 1 year low of $3.92 and a 1 year high of $17.37. The business has a 50 day moving average price of $13.14 and a 200 day moving average price of $11.83.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lifted their price objective on American Superconductor from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, January 26th.

Institutional Investors Weigh In On American Superconductor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new stake in American Superconductor during the third quarter valued at about $371,000. Jump Financial LLC grew its position in American Superconductor by 196.0% during the third quarter. Jump Financial LLC now owns 85,300 shares of the technology company’s stock valued at $644,000 after acquiring an additional 56,479 shares during the period. Barclays PLC lifted its stake in shares of American Superconductor by 640,100.0% during the third quarter. Barclays PLC now owns 25,608 shares of the technology company’s stock worth $193,000 after purchasing an additional 25,604 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of American Superconductor during the third quarter worth about $5,291,000. Finally, Invesco Ltd. lifted its stake in shares of American Superconductor by 58.9% during the third quarter. Invesco Ltd. now owns 873,006 shares of the technology company’s stock worth $6,591,000 after purchasing an additional 323,472 shares in the last quarter. Hedge funds and other institutional investors own 52.28% of the company’s stock.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services.